Performance Review
Performance Review
A Performance review is known as an annual review,
employee appraisal, or evaluation. A performance appraisal evaluates an
employee’s skills, achievements, and growth. The performance review process is a critical HR management tool that focuses on fair and
action-oriented appraisal. It involves effective evaluation techniques,
frequent feedback, use of technology, management by performance objectives, and
meaningful feedback.
Systematic
appraisal of performance helps to develop confidence among employees. It
will prevent grievances if the employees are convinced of the impartial basis
of the evaluation. Thus, performance appraisal is a significant element of
information and control systems in organizations.
Performance appraisals help employees and managers devise
strategies to refocus their tasks, make them realize how their work makes a
difference for the company, and align the company’s mission, vision, and values
with their tasks and standard processes. This is the process of identification,
measurement, and management of human performance an organizations
There are two main
purposes of performance appraisals
·
Evaluative: Its goal is to inform your employees about where they
stand in terms of performance. Performance data is used to reward top
performers and identify underachievers.
·
Developmental: It is meant to find the root causes of why employees
fail to meet their goals. The performance data is then used to provide
employees with the necessary training and development.
Previously, the trend was to conduct
annual reviews. However, a year is a long time in which many things can change.
That is why, when it comes to measuring performance, it is not a reliable
period to wait. Most businesses now conduct performance reviews every
3-6 months.
What
tools can be used for performance appraisals?
·
Ranking
·
Paired
Comparison
·
MBO
·
Confidential
Report
·
Essay
Evaluation
·
Critical
Incident
·
Checklists
·
Graphic
Rating Scale
·
Forced
Choice Method
·
Field
Review Technique
·
Performance
Test
Who should undertake the performance appraisal or
evaluation?
The employee's managers and
supervisors typically lead the appraisal process. Some companies also use
360-degree feedback and involve others, such as the human resources manager,
coworkers, and customers.
When appraisers know the objectives of performance appraisal, they
automatically gain a competitive edge over others, that’s because start making
more rational decisions regarding how to boost organizational development.
It's certainly a win-win situation.
Post clearly illustrates the importance of performance review which is compulsory action step in every organization behind the successful employee performance management .There is a clear guide of performance appraisal tools which are applicable in practice
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